Kaieteur News

• U.S. steps up pressure on China as firms battle for Guyana’s mega projects

  …says American firms offer reliable delivery as Guyana awaits GTE project (Kaieteur News) – The United States is aggressively upping its campaign against China in the Western hemisphere as the country increases its presence through specialised infrastructure and energy projects in the region, offering competitive prices compared to American firms. This has caught the attention of […]

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• ExxonMobil goes deeper at Liza Two as hunt for more oil continues

  (Kaieteur News) – ExxonMobil Guyana Limited (EMGL) this week announced that it will be exploring for more oil at the Liza Two site where the company already struck hydrocarbons that is currently being produced. The Liza Two project is producing about 255,000 barrels of oil per day (bpd). Exxon received regulatory approval to commence production in […]

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• G7 countries agree on release of diesel and oil stocks after U.S. pressure

  (Reuters) – Group of Seven countries agreed on Friday to release 100 million barrels of diesel and crude oil from emergency ​reserves and pledged to refrain from energy export restrictions after pressure from U.S. President Donald Trump. The U.S. led a pressure campaign on the European Union to draw down ‌emergency diesel inventories, with the […]

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